In brief

On 3 May 2024, a new amendment to the Saudi Real Estate Transaction Tax (RETT) Regulations was published in Umm Al Qura pursuant to Ministerial Resolution No. (1-88-1445) dated 02/09/1455 AH.

Key observations

On 3 May 2024, the Zakat, Tax and Customs Authority (ZATCA) published the newly amended Real Estate Transaction Tax Executive…